TVA to meet with budget officials over privatization

Executives with the Tennessee Valley Authority will meet with officials from President Obama's administration this week to discuss privatization of the utility, WPLN 90.3 FM reports.

It will be the first face-to-face meeting between the groups to discuss a possible sale of TVA since the idea was floated in Obama's budget proposal earlier this year.

"We're going up there to understand what they need and figure out what we need to support the activity," Joe Hoagland, TVA's senior vice president of policy and oversight, told WPLN. "I mean, I assume they were serious since they put it in the administration's budget."